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Dec 30, 2012
12/12
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katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded law that just didn't pass the constitutional barrier. >> you know, it is kind of confusing. the president actually campaigned on this75% tax. what happened, and will he try to get it reinstated? >> you are quite right. he made this a key platform of his manifesto. he has gone all out on this, and he even dressed up the tax as an act that the way france's rich could help during harsh economic times. he has not backed down and in fact in the last few hours the officials have said the law will be redrafted to conform with the court ruling and wi
katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded...
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Dec 30, 2012
12/12
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FOXNEWSW
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katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded law that just didn't pass the constitutional barrier. >> you know, it is kind of confusing. the president actually campaigned on this75% tax. what happened, and will he try to get it reinstated? >> you are quite right. he made this a key platform of his manifesto. he has gone all out on this, and he even dressed up the tax as an act that the way france's rich could help during harsh economic times. he has not backed down and in fact in the last few hours the officials have said the law will be redrafted to conform with the court ruling and wi
katherine, why was this tax overturned? >> it was overturned because the court said it failed to rec recognize equality before public burden. what this means is it has been applied to individuals rather than households. the court knows this top rate would have applied to a married couple, for example, if one member was in that upper income bracket. well, if it turned just under, then the 75% rate would not apply. in essence, this was thrown out on a technicality. if was a poorly worded...
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Dec 24, 2012
12/12
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FOXNEWSW
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social policy should not be done through the tax code. john: and i agree. [applause] people would still give. >> i think that point* of view has a great deal of merit but i applaud respectfully say the charitable deduction is an important part of american life. we don't have giving because of the charitable deduction but because we've value that. it is an important mechanism to link communities and. john: the charity does not the deduction. >> is a signal of a set of values. john: from facebook. do think it is better to give time or money? >> is great to do both. john: pic one. >> i don't. [applause] i think the best way to understand how way charitable organization works is to help achieve the mission is put to your time where your money is. john: people who give time self report that it brings more happiness. john: there are four ways to spend money said milton freedman. your own on yourself. you are the most careful. number two. your money on someone else. we do that at christmastime. it is less efficient because sometimes we buy the wrong stuff. it give
social policy should not be done through the tax code. john: and i agree. [applause] people would still give. >> i think that point* of view has a great deal of merit but i applaud respectfully say the charitable deduction is an important part of american life. we don't have giving because of the charitable deduction but because we've value that. it is an important mechanism to link communities and. john: the charity does not the deduction. >> is a signal of a set of values. john:...
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Dec 28, 2012
12/12
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FBC
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david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain b b. ♪ all onhinkorswim from td ameritrade. ♪ hi hi ♪(whistling tune) ♪("don't worry be happy") shy david: it was wild in the pits at the cme was closing in chicago. sandy smith is there. what's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, contin
david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell trouble for more than just investors. >> liz joins us telling us which big companies will be first to take a costly fall if we, in fact, do go off that cliff. ♪ [ indiinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indiinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting,...
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Dec 24, 2012
12/12
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WUSA
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instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president is scheduled to return to washington wednesday. there's no word if any new talks are planned. >>> even if we go over the cliff, workers won't feel all of the tax increaseness their january paychecks. the american payroll association says it's already too late for employers to accurately with hold income taxes from january paychecks. however, workers will immediately feel the squeeze of a 2% social security payroll tax. >>> 9news is tracking the discussions on capitol hill concerning the fiscal cliff. we've broken our newsroom into four groups. one to monitor the potential impact on the local economy. a second to prepare you for what could happen to you and your family. a third will help you take action and the fourth will hold lawmakers accountable. you can get alerts sent straight to your phon
instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president is scheduled to return to washington wednesday. there's no word if any new talks are planned. >>> even if we go over the cliff, workers won't feel all of the tax increaseness their january paychecks. the american...
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Dec 24, 2012
12/12
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what would the level be for taxes for revenue. in how much would be raised in revenue and what would it mean in new spending cuts? >> the spending cuts would be a trillion $450 billion. $2.6 trillion. couple that with the $1.1 trillion already done and you are at $3.7 trillion. and look, is it perfect? no. is it everything we he hoped for? >> no. does it match what bowles simpson did? no. on an even comparison bowles simpson would be $5.3 trillion. >> chris: let me ask you one last quick question. are you saying that you don't like the president's plan? >> look, it may come to that but i would hope that we would have one last attempt here to do what everyone knows needs to be done. which is a larger plan that really does stablize the debt and get us moving in the right direction and does it in it a way that is cognizant that we have an economy that is recovering, that still is weak and we don't slam it. we don't slam on the brakes here in a way that puts us back into recession, that increases jobless rate to 9.1%. >> chris: let me
what would the level be for taxes for revenue. in how much would be raised in revenue and what would it mean in new spending cuts? >> the spending cuts would be a trillion $450 billion. $2.6 trillion. couple that with the $1.1 trillion already done and you are at $3.7 trillion. and look, is it perfect? no. is it everything we he hoped for? >> no. does it match what bowles simpson did? no. on an even comparison bowles simpson would be $5.3 trillion. >> chris: let me ask you one...
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Dec 30, 2012
12/12
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CSPAN
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eye 101
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, it was a payroll or corporate tax -- >> yeah. >> and imposed the carbon tax. now, you think that's not high enough, but it didn't -- for example -- >> well, i think the problem with that is -- and, grover norquist, by the way, he did decide -- well, you know, the thing -- i think what convinces conservatives is the fact that once they are smart enough -- and those who are smart enough to realize we're not making this stuff up, and there are most -- and i think a lot of them are smart enough to realize that, then, they start to think, well, gee, if we let -- if we continue to deny this, we'll reach a point where things happen like super sandys. and then, the government is going to -- that's pearl harbor and the government will take over like the government took over detroit and said, you can't make cars anymore. you're gonna make airplanes and you're not gonna make money. they don't want that to happen, so -- something gonna do about it before -- intervention now -- >> yeah. >> is better than more intervention later, more government -- >> right. >> intervention
, it was a payroll or corporate tax -- >> yeah. >> and imposed the carbon tax. now, you think that's not high enough, but it didn't -- for example -- >> well, i think the problem with that is -- and, grover norquist, by the way, he did decide -- well, you know, the thing -- i think what convinces conservatives is the fact that once they are smart enough -- and those who are smart enough to realize we're not making this stuff up, and there are most -- and i think a lot of them...
SFGTV: San Francisco Government Television
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Dec 25, 2012
12/12
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SFGTV
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take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a philosopher and i go really deep into things and read stuff i will not tolerate fluff. i will expose it. i will shine light where there is darkness. thank you very much. >> thank you. any other members of the public would like to comment? seeing none. we will close public comment. and madam clerk do we have any other items before us? >> no mr. chr app >> welcome to "culturewire." today we are at recology. they are celebrate 20 years of one of the most incredibly unique artist residency programs. we are here to learn more from one of the resident artists. welcome to the show, deborah. tell us h
take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a...
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Dec 29, 2012
12/12
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WJLA
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many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal. >> it is ridiculous. this is a necessary. >> while the republican senate minority leader is staying positive the democratic senate majority leader warns -- >> whatever we come up with is going to be imperfect and some people are not going to like it. >> the president says if a big deal cannot be reached, he wants at least a smaller deal to keep middle-class taxes from going up and to extend unemployment benefits. >> at this point, i just hope they get something done. >> click on need to come together and come to an agreement. both sides are at fault. >> reitman, this is the plan for the weekend. the senate plans to go into recess tomorrow so staff members can work on a deal. on sunday, the senate and possibly the house will reconvene and maybe vote on the bill either that day or on monday. the deadline is basically monday night at midnight, when we go over into the new year. ups said the capital, abc 7 news. -- outside the capita
many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal. >> it is ridiculous. this is a necessary. >> while the republican senate minority leader is staying positive the democratic senate majority leader warns -- >> whatever we come up with is going to be imperfect and some people are not going to like it. >> the president says if a big deal cannot be reached, he wants at least a smaller deal to keep middle-class...
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Dec 24, 2012
12/12
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to my republican colleagues, if we can protect 99% of the americans from a tax hike, that is not a tax increase in my books. >> if there's no deal on new year's day, households between $50,000 and $75,000 will see an increase of $2,399. meanwhile households with $5 money,0 $00,000 to 1 mill could see an crease of $3900. >>> overseas an attack on americans in afghanistan. police officers, over 50 have been killed by police and soldiers this year. >>> in syria a british-based human rights group said over 60 people were killed when there was an attack on a backry. yesterday's air strike was an apparent retaliation for new rebel offensive. elizabeth palmer visited the town in southern syria that's alive with assad regime. >> reporter: conflict has engulfed syria over the past 21 months from one end of the country to the other, but so far it's barely touched the town in southern syria near the border with jordan. the people who live here are a religious group that's allied itself with president bashir al assad. when we arooived in town to meet the governor syrian state media was waiting for
to my republican colleagues, if we can protect 99% of the americans from a tax hike, that is not a tax increase in my books. >> if there's no deal on new year's day, households between $50,000 and $75,000 will see an increase of $2,399. meanwhile households with $5 money,0 $00,000 to 1 mill could see an crease of $3900. >>> overseas an attack on americans in afghanistan. police officers, over 50 have been killed by police and soldiers this year. >>> in syria a...
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Dec 30, 2012
12/12
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should it be a carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what we can do as scientists, is checked the risks and then the location details. but that is a whole different ball game. >> my name is carol stone. do you think the mayan calendar this year will have any effect? and what is the effect of the population in the world -- a billion on this issue of carbon -- >> violation? >> that -- there is a number of factors. whe
should it be a carbon tax, a cat capt. trade legislation? there are now conservative groups who are advancing with free-market branded solutions. the other day, a filler in the conservative booth, came out in support of a carbon tax. [applause] grover norquist chemo for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political...
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Dec 24, 2012
12/12
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WUSA
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yesterday senator lindsey graham said he would vote for a revenue increase including a tax hike, but doesn't like it. >> hikes are part of the solution driven by the president but he's going to get tax rate hikes. to my republican colleagues, if we can prevent 99% of the americans from a tax hike, that's not an increase in my book. >> households between 50 and $75,000 will see a an increase of $2,399. meanwhile households of. >>> overseas an attack on americans in afghanistan. police officer police officers, over 50 have been killed by police and soldiers this year. >>> a british-based group said over 60 people were killed. yesterday's air strike was an apparent retaliation for new rebel offensive. elizabeth palmer visited the town in southern syria. >> reporter: conflict has engulfed syria over the past 21 months from one end of the country to the other, but so far it's barely touched the town in southern syria near the border with jordan. the people who live here are a religious group that's allied itself with president bashira a assad. the regime is anxious to showcase its communi
yesterday senator lindsey graham said he would vote for a revenue increase including a tax hike, but doesn't like it. >> hikes are part of the solution driven by the president but he's going to get tax rate hikes. to my republican colleagues, if we can prevent 99% of the americans from a tax hike, that's not an increase in my book. >> households between 50 and $75,000 will see a an increase of $2,399. meanwhile households of. >>> overseas an attack on americans in...
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Dec 30, 2012
12/12
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taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also negotiating an extension of unemployment benefits for some 2 million jobless americans, without a deal those checks will stop next week for this mother of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home and i really don't know what else we would do. >> reporter: the deal under discussion in the senate right now doesn't even include the biggest part of the fiscal cliff, that 1.2 trillion dollars in mandatory budget cuts, spen
taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >>...
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Dec 25, 2012
12/12
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FBC
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eye 58
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when you look at corporate profits and the impact, potential chans in the tax relations will be on those company profits, you have to revalue the market somewhere in here which is a lower price again companies trying to have to pay the government more money. gerri: let's talk about 201 201n what we might expect. expectations over the place. citigroup predicd stocks 14% next year, morgan stanley 1%. where do you fall? >> i'm probably up at 4% or 5%. not expecting that great of a year as far as the end of the year. i think it will be pretty bumpy the beginning of the year while this all gets worked out and people reevaluate the landscape ofds everything. gerri, i will comment on the numbers you threw out there. this scares me people are positive. i don't want to spike the eggnog, but the fact there is not one person or one bank that says the market wille down next year frightens me a little bit. gerri: wells fargo says the market will be down 2%. but they're the only ones to sae it. a lotbo of optimism but we have beenbe in this bull market for a long time it v has been very strong. people
when you look at corporate profits and the impact, potential chans in the tax relations will be on those company profits, you have to revalue the market somewhere in here which is a lower price again companies trying to have to pay the government more money. gerri: let's talk about 201 201n what we might expect. expectations over the place. citigroup predicd stocks 14% next year, morgan stanley 1%. where do you fall? >> i'm probably up at 4% or 5%. not expecting that great of a year as...
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Dec 30, 2012
12/12
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FBC
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of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 0% since the recession. you can't find a job. 3 percent of them have jobs paying high-school wages. so you're right. it's not getting better, and again, we have the incompence in wasington making things worse. tom: but the numbers, you look at the numbers and you see those numbers, they are inching up a little bit. we are getting a little bit of growth. we have a little better ventilation. we have a little bit of a
of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world....
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Dec 31, 2012
12/12
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WBAL
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you have until today to file for the state homestead tax credit which limits how much property-tax can increase each year. it can file electronically if you had an election -- an application mailed to you. you can download the application and mail it in, but it has to be postmarked by today. for more on how to apply, go to our website, wbaltv.com. >> some maryland residents affected by superstorm sandy will be eligible to receive food stamps under a new federal program. president obama designated somerset county s a major disaster area, eligible for assistance. >> now, your forecast with meteorologist tony pann. >> of very quiet day today and that trend will continue as we head into new year's eve. don't expect any weather trouble if you are going out tonight. you see the battle of the air mass is going on across the united states. kohl, arctic air coming out of the southern part of canada, warmer air from the south, and they are meeting right there in the ohio valley. a week little storm, but ahead of it you see the cloud shield extends all the way to the coast. it is trying to produc
you have until today to file for the state homestead tax credit which limits how much property-tax can increase each year. it can file electronically if you had an election -- an application mailed to you. you can download the application and mail it in, but it has to be postmarked by today. for more on how to apply, go to our website, wbaltv.com. >> some maryland residents affected by superstorm sandy will be eligible to receive food stamps under a new federal program. president obama...
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121
Dec 24, 2012
12/12
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FBC
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it has been a tumultuous year for the markets.nd of so much uncertainty for tax policy in washington. somenalyststhe election itself. analysts predicting gains for ps 2016, as 14% o much as 20% in te markets. 14%. it is not working for me today. ink wouldout e scott, i can't say your name and utock market together. to tabo but i am going to get you to talk about santa claus. will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there will be a lot of repositioning in portfolios coming toward the end of the year. a people are getting very nervous about the fiscal cliff. i was on the show a couple of weeks ago whe and i was not a tn concerned because i thought we would get a deal done.al it is starting to hurt people.ut a good call by you. frankly, gerri, that is what will hurt stocks and investors spending or appetite as s well.e gerri: i love it when you tell me i am right. it often doesn't last very longy i have got to think when we get some real claritytt on this no matter what whether it is good x or bad for investors and taxpay
it has been a tumultuous year for the markets.nd of so much uncertainty for tax policy in washington. somenalyststhe election itself. analysts predicting gains for ps 2016, as 14% o much as 20% in te markets. 14%. it is not working for me today. ink wouldout e scott, i can't say your name and utock market together. to tabo but i am going to get you to talk about santa claus. will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there...
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Dec 31, 2012
12/12
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FBC
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tax rates. let's not add all of this wish-list that things democrats, president would like to see. let's not additional stimulus. let's not delay the sequester. if we're going to focus on one thing focus on one thing to see at least if we agree on that. we're try to get to a yes but if this ends up being christmas tree on christmas eve or new year's eve i think it i will difficult in the house. david: tim, you're kind of knew there, the fact that some people are so keptal about what is happening they're saying the president wants us to go over the fiscal cliff, that way taxes will go up for everybody and he will come in say, okay, i want to have the obama tax cuts for the middle class. no more will we hear about the bush tax cuts. from now on they will be the obama middle class tax cuts. do you believe that? >> well, don't forget the obama signed extension of these very tax cuts two years ago and said you don't raise taxes in the middle of a recession. we estimate a million small businesses will
tax rates. let's not add all of this wish-list that things democrats, president would like to see. let's not additional stimulus. let's not delay the sequester. if we're going to focus on one thing focus on one thing to see at least if we agree on that. we're try to get to a yes but if this ends up being christmas tree on christmas eve or new year's eve i think it i will difficult in the house. david: tim, you're kind of knew there, the fact that some people are so keptal about what is...
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Dec 28, 2012
12/12
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WTTG
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we stand right now at three days and counting until that new year's deadline when taxes would go up for all u.s. taxpayers and steep spending cuts would kick in across the board. nicole collins has the latest. >> reporter: john boehner back in washington immediately heading to the white house, which brought the president and congressional leaders together the first time since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans who are holding hostage the middle class in america society wealthy don't have to pay their fair share. >> we need two words: presidential leadership on not jus
we stand right now at three days and counting until that new year's deadline when taxes would go up for all u.s. taxpayers and steep spending cuts would kick in across the board. nicole collins has the latest. >> reporter: john boehner back in washington immediately heading to the white house, which brought the president and congressional leaders together the first time since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the...
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90
Dec 29, 2012
12/12
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FBC
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eye 90
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taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in fur years when it comes to policy making, and the reason we are here is that the delay decisions for the past two years. i do think that something will happen because if it doesn't the consequences will be so severe in th
taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any...
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180
Dec 29, 2012
12/12
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FOXNEWSW
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eye 180
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that fica tax break we received the last two years, so, you know, the tax increases inasmuch as you think, but we push these things to crisis because the politicians, the lobbyists every chance to donate to their campaign and that's why everything is a crisis. three out of the last four years we've gone into the new year not knowing what the tax rates are, and i will be particularly disappointed if we get a 12-month patch and get to do it again the end of this year. >> well, you know, we have the spending cuts, we have the tax increases and we also have this debt selling, hit the 16.4 trillion dollar federal debt limit monday, december 31st according to the treasury department, extraordinary measure has to take place, to continue borrowing, how will the markets react to that? >> well, you know, that's another thing that i believe we just want to start getting some fatigue from this news and it being the news event of the day. news events have no long-term impact on stock prices. while they may go down in the short-term, i would use that as a buying opportunity to get your money empl
that fica tax break we received the last two years, so, you know, the tax increases inasmuch as you think, but we push these things to crisis because the politicians, the lobbyists every chance to donate to their campaign and that's why everything is a crisis. three out of the last four years we've gone into the new year not knowing what the tax rates are, and i will be particularly disappointed if we get a 12-month patch and get to do it again the end of this year. >> well, you know, we...
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Dec 28, 2012
12/12
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CNNW
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but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win for republicans, but if those tax cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there was for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting
but the danger for them is that these stopped being the bush tax cuts and become the obama tax cuts, right? i think that's what conservatives and republicans should be most worried about from a long-term political perspective right now. i mean, in a sense, they have sort of -- they have won a particular policy battle in the sense that most of the bush tax cuts, both parties believe should be extended. right? we're talking about 97%, 98% of the bush tax cuts. you could say that's a policy win...
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Jan 1, 2013
01/13
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CSPAN2
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eye 120
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and internal tax that is cut off and you can see that but an internal tax is forthcoming. violence and mobs and riots are also something that struck me because of the sheer magnitude of the violence that is reported in the newspapers of the day. in particular, this is a supplement to the boston newsletter from september 5, 1755. extraordinary for multiple reasons. one, the front page of this two page issue is details of the destruction of lieutenent governor thomas hutchinson's home, the lieutenant governor of boston but on page two from newport rhode island, we read of similar home destruction so here it reads, for a three day riot that to-do list. this. day one, a symbol and a wrecked gallows, make effigies of stamp master hated loyalist, hoisted effigies by net 15 feet high come make a fire and burned effigies to ashes, choose the deputies of the town, choose the committee to instruct the deputies on the stamp act. date to an evening, gather a crowd and march to the house of hated loyalist number one. shatters windows and break his doors to pieces, damage partitions and
and internal tax that is cut off and you can see that but an internal tax is forthcoming. violence and mobs and riots are also something that struck me because of the sheer magnitude of the violence that is reported in the newspapers of the day. in particular, this is a supplement to the boston newsletter from september 5, 1755. extraordinary for multiple reasons. one, the front page of this two page issue is details of the destruction of lieutenent governor thomas hutchinson's home, the...
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Dec 24, 2012
12/12
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WMAR
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and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he has been released on bond and he is a mormon from idaho and has said in past interviews he abstains tans from drinking because it's prohibit -- from drinking abtans interest -- abstains from drinking alcohol because it's prohibited by the church. >>> bolt a man has been -- a man is 36-year-old gregory stegall and a officer was on patrol when he noticed a suspicious man behind the shell. he asked the man to come out from behind the business and he refused and police say he threatened the officer with a knife. the man was shot once and the officer right now is on routine administrative leave. >>> an investigation continues into what caused a body to be
and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he has been released on bond and he...
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Dec 27, 2012
12/12
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WMAR
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a teacher with $43,000 a year will get a tax hike of more than $3,000 a year. a professional athlete would see his taxes go up more than 2.4 million a year. unemployment benefits for some 2 million people would expire. the nation may fall back into a recession. >>> even star bucks is getting into the fight on the fiscal cliff. their ceo wants workers to write come together on the coffee cups they serve thursday and friday. it's the company's way of telling the politicians to find common grounds. >> if people would get in the room and leave their ego behind, but be so sensitive to the'ds of the american people, we would have an agreement. >> a suggestion from the ceo. baristas won't be forced to write anything on the cup. >>> regardless of the fiscal cliff, the new year will bring new laws. same sex marriage will be allowed in maryland. that is not not the only new law. we told you about 24 hour casinos and a new law allowing veterans showing their status on drivers license. and freezing a child's credit any time they want to protect them. >>> former president g
a teacher with $43,000 a year will get a tax hike of more than $3,000 a year. a professional athlete would see his taxes go up more than 2.4 million a year. unemployment benefits for some 2 million people would expire. the nation may fall back into a recession. >>> even star bucks is getting into the fight on the fiscal cliff. their ceo wants workers to write come together on the coffee cups they serve thursday and friday. it's the company's way of telling the politicians to find...
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Dec 29, 2012
12/12
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CSPAN2
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eye 151
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in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body. >> you actually think that people are granted 2010 it got elected or the people ran before and it now ascended to positions of leadership believes that go with a solution or they were like that to not do things i supposed to do things? >> well, again, from a class of 2010 and our effort to the the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but t
in the past record lows speaks ill of this congress are not imposing new regulations are increasing taxes. that's one way of looking at it. the way most people look at it i tested two bytes record of popularity approval rating is that this is a congress that has been defined by dysfunction in gridlock, a congress in which half a loaf has never been better than none. there were compromises really seem to be a foreign policy, naming a policy for him to the world's great deliberative body....
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Dec 29, 2012
12/12
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CNNW
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did anybody think about the ramifications like these tax cuts, these tax cuts and all this spending going on? >> well, i think that the question is, you know, how do we pay for the tax cuts. and i think there are reasonable ways to do so. it just seems that our friends on capitol hill on both sides of the aisle have a difficulty in, you know, making necessary -- making necessary spending reductions to enable progrowth policies to persist. and that's an unfortunate thing. yeah, look, this was -- i heard a previous guest say this was a deal with the devil because it, you know, because it -- you got tax cuts now for ten years and a date certain for when they would go away. that's true, but we thought we were dealing with adult policy makers in washington and we thought that people would do the right thing with respect to fiscal policy. look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fiscal policy in a way that wouldn't do damage to the overall economy
did anybody think about the ramifications like these tax cuts, these tax cuts and all this spending going on? >> well, i think that the question is, you know, how do we pay for the tax cuts. and i think there are reasonable ways to do so. it just seems that our friends on capitol hill on both sides of the aisle have a difficulty in, you know, making necessary -- making necessary spending reductions to enable progrowth policies to persist. and that's an unfortunate thing. yeah, look, this...
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Jan 1, 2013
01/13
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CSPAN2
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eye 173
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a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural deficits that undermine the soundness of our future finances. in addition, the bill that we considered last night created some additional fiscal cliffs in the very near future, within two months, within march. and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural...
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98
Jan 1, 2013
01/13
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WMAR
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eye 98
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the senate package will keep the expiring tax cuts in place for those earning less than 400,000 and couples earning less than 450,000. unemployment insurance will be extended a year to 2 million people. that heads to the house and for final approval that's expecteded morning or by -- expecteded this morning or -- expected this morning or by lunchtime. >>> thousands gathered to remember loved one who is couldn't be here. 216 people were murdered in baltimore city in 2012. last night, there was a vigil honoring them all. victims families politicians and faith community members stood together outside the war memorial building. the mayor explained even though other violent crimes are down, homicides in baltimore city are up. >> the people who we lost to violence on streets, our sons and daughters and brothers and sisters, the loss is trammingic to their families and to the city -- tragic to the families and the city. >> this is the forth year they gathered to remember the dead. >>> two teens spent new year's eve behind bars. they have been charged withbeating up another man more than a month ag
the senate package will keep the expiring tax cuts in place for those earning less than 400,000 and couples earning less than 450,000. unemployment insurance will be extended a year to 2 million people. that heads to the house and for final approval that's expecteded morning or by -- expecteded this morning or -- expected this morning or by lunchtime. >>> thousands gathered to remember loved one who is couldn't be here. 216 people were murdered in baltimore city in 2012. last night,...
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Jan 1, 2013
01/13
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CSPAN2
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eye 150
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is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a fix. now we're talking about taxing the rich again. i hope that we can come up with some collective ways that will be certain that the people are rich and that it will last over time instead of just for a few short years. in my area of the world, the biggest thing in that bill was the estate taxes. people in own land in wyoming that they bought maybe at $40 an acre now have land that's worth $2,000 an acre or more, and they haven't figured out how to pay the taxes on these few acres that they were able to scrape together over a period of time if the amount of exemption went down to a million dollars. and that's where we were headed. and at a million dollars, they'd have to sell off part of their ranch, part of their farm in order to be able to pay the taxes when somebody died. all the time that land is making a profit, people are paying the taxes on it. then when they die, they have to pay taxes on something that they would li
is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a fix. now we're talking about taxing the rich again. i hope that we can come up with some collective ways that will be certain that the people are rich and that it will last over time instead of just for a few short years. in my area of the world, the biggest thing in that bill was the estate taxes. people in own land in wyoming that...
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Dec 31, 2012
12/12
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CNBC
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apparently they've got the income tax level, the estate tax, capital gains tax, phase out deductions for people making over 250. when do we start to see the sequestration of the spending cuts? that really is the sticking point, right? >> i would prefer the republican approach, in that case, if that's what they want. i think -- we want another cliff to occur with the debt ceiling in order to force people to get together as they have today. >> right. >> look, here's the deal. i have never believed that taxing rich people is some sort of a moral imperative. my problem is, and i think the cliff is preferable to what's going on is not enough revenue in this. yeah, sure, you're going to tax people who make a lot of money and we can afford it. i think that's fun. it doesn't raise enough money to deal with the e deficit in a serious way. if you have the tax stuff you talked about, plus a significant spending sequester, you can get the spending cuts that you need in order to make a down payment on the deficit. this is really -- this is a political solution more than it is an actual deficit. >
apparently they've got the income tax level, the estate tax, capital gains tax, phase out deductions for people making over 250. when do we start to see the sequestration of the spending cuts? that really is the sticking point, right? >> i would prefer the republican approach, in that case, if that's what they want. i think -- we want another cliff to occur with the debt ceiling in order to force people to get together as they have today. >> right. >> look, here's the deal. i...
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222
Dec 26, 2012
12/12
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CNNW
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eye 222
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that's the alternative minimum tax. also the wealth tax. conceived to prevent the wealthy from paying no taxes at all through deductions. congress has failed to pass an a adjustment to keep the amt from roping in lower taxpayers. irs was expecting that to happen. if congress fails to do so, revenue officials will start a lengthy and costly process of reprogramming computers. it could be march until effective taxpayers can file. >>> an interactive map is causing outrage in one community. what do all these little red dots mean? what do they locate? and why is a new newspaper under fire? we'll explain. year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. [ sniffs ] i took dayquil but my nose is still runny. [ male an
that's the alternative minimum tax. also the wealth tax. conceived to prevent the wealthy from paying no taxes at all through deductions. congress has failed to pass an a adjustment to keep the amt from roping in lower taxpayers. irs was expecting that to happen. if congress fails to do so, revenue officials will start a lengthy and costly process of reprogramming computers. it could be march until effective taxpayers can file. >>> an interactive map is causing outrage in one...